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Escamilla Law Office provides the information needed to find out if an individual qualifies for home mortgage protection. Escamilla Law Office can also find out which bankruptcy option is suited for that individuals needs, whether it be a Chapter 7 or a Chapter 13 filing, or neither; Escamilla Law Offices can provide the information needed to make the best decision.

"Standing up for the little guy." - Eric. P. Escamilla

Fresno, California (PRWEB)March 07, 2014

The Law Offices of Eric P. Escamilla, in Fresno, California, can provide a bankruptcy analysis to residents of the Central Valley interested in seeing if they can still file and protect all of their existing assets, including their home equity, and receive a fresh start.

Housing values are rising quickly in the Central Valley and other parts of California and are projected to continue to increase in the foreseeable future. While this is normally good news for most homeowners, it is creating a problem for those homeowners who are in need of Chapter 7 bankruptcy relief in Fresno because protecting home equity can significantly limit the exemptions available to protect other assets such as cash and vehicles.

Homeowners whose houses are now worth more than the mortgages owed on them are having to face the prospect that, unless they file bankruptcy soon, they may have to choose between protecting either their homes or protecting other valuable property – but not both. It is becoming more and more common to see individuals who filed Chapter 7 being ordered to turn over property or pay money to the bankruptcy trustees because their home equity used up all of their exemptions available to protect assets such as vehicles, tax refunds, and other assets. Chapter 13 bankruptcy might be another option, but our experienced attorney's will provide the information to decide which filing is right.

Escamilla Law Offices is conveniently located two blocks west of the Federal Courthouse. Please call (559) 485-2535 to get more information on a specific situation.